Russian oil pipeline monopoly Transneft will freeze the construction of the troubled Burgas-Alexandroupolis project, which has been largely obstructed by Bulgaria's government in the past 2 years.
The Sofia Administrative Court, SAC, postponed Wednesday for September 28 the trial of the Lukoil Bulgaria company for the revocation of its license to operate excise warehouses.
The Sofia Administrative Court, SAC, is going to try Wednesday the two cases against the Lukoil Bulgaria company for the revocation of its license to operate excise warehouses.
The price of natural gas in Bulgaria might grow by less than 20% starting October 1, according to national energy regulator head Angel Semerdzhiev.
Electrical power utilities operating in Bulgaria might need to go through a restructuring, according to Angel Semerdzhiev, the head of the Bulgarian state energy regulator.
The net profit of Russian gas giant Gazprom for the first quarter of 2011 has grown with 44% with respect to the same period last year.
The CEO of Lukoil Bulgaria, Valentin Zlatev, remains unwavering the company has not committed any tax or Customs law violations.
Russia's state nuclear company Atomstroyexport – which is technically supposed to build Bulgaria's Belene NPP – is facing severe shortages, according to a freshly leaked diplomatic cable of the US ambassador in Moscow.
The Bulgarian government has granted Trans-Balkan Pipeline, a Bulgarian-Greek-Russian project company, another extension on the environmental assessment of the Burgas-Alexandroupolis oil pipeline project.
Former Interior Minister MP Rumen Petkov has accused Customs Agency head Vanyo Tanov of participating in top-level smuggling schemes.
Bulgaria's Customs Agency is checking whether Lukoil Neftochim is being siphoned off by its subsidiary Litasco, which controls volumes entering and exiting the oil refinery.
Lukoil Bulgaria has been chronically failing to adequately pay its taxes, according to Bulgarian Customs Agency head Vanyo Tanov.
Nearly one third (30%) of the electronic measuring devices, required by law, have been already installed by Lukoil Neftohim Burgas.
Even though it is tangled in counter-suits with Russia, Bulgaria's government still hopes that the talks for the Belene nuclear power plant project have a future, Mihail Andonov, head of the Bulgarian National Electric Company NEK has indicated.
Russian state company Atomstroyexport has failed to comply with the ultimatum issued by Bulgaria's National Electric Company NEK, with the latter now moving to suit the former over unsettled equipment claims for the Belene NPP project.
Bulgaria's National Electric Company NEK has responded to Russia's Atomstroyexport that the roadmap the Russians proposed for the troubled Belene nuclear plant project cannot be accepted as a legally binding document.
Days after Edinburgh-based oil and gas explorer Melrose Resources abandoned a well on the Galata block in the western Black Sea, offshore Bulgaria, good financial results justified its decision to press ahead with its plans in the Balkan country.
The best thing Sofia and Moscow can do is give up their court battles over Belene nuclear project and draw the curtain on it peacefully, Bulgaria's former ambassador to the Russian capital has said.
The price of natural gas will go up 20% in the beginning of October, according to preliminary estimates of Bulgargaz.
Edinburgh-based oil and gas explorer Melrose Resources has abandoned a well on the Galata block in the western Black Sea, offshore Bulgaria, but is pressing ahead with its plans.
Lukoil has reduced retail fuel prices at its filling station chain in Bulgaria.
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